Europe's richest are following the words of Warren Buffet, and are willing to pay more in taxes to alleviate growing economic tensions with middle class. Video courtesy Fox News. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

I ... so we just ... it also ... has the biggest money next that's a growing number of well all folks here are falling financier Warren Buffett ... and the ... palm of the offering to give up more of their riches in taxes the the real sums of money real enough to make a big difference in a continent that is having real problems with paying back debt ... among the stocks higher taxes is the boss of Italy's Ferrari car company look good the Montezemolo of sixteen billionaires and frantically L'Oreal cosmetic heiress Liliane Bettencourt and Germany over fifty millionaires are we doing their coal to pay out more including teachers medical the Berlin based doctor thinks his wealth is what's needed for the continent ailing economy the prices will be put down ... no it's you know people ... we thought this three inch us here in the UK the well off are already sharing the burden of the last Labour led government instituted a ... fifty percent top tax rate for high earners ... some folks here say that ... isn't working out too well ... it actually is supposed to bring three billion dollars the year one study claims though it could cost the government ... and business people are hot investments avoid tax or simply ... leave the country ... great damage in fact ... along with a grain of revenue ... as is the fear in the States some your brand taxing the rich a job killer including entrepreneur Hugh Johnson ... people to know he's created and runs chains of restaurants in Britain which it served up ... thousands of jobs you will get ... you started ... you don't create ... which means more people on the need for them ... and make people think that I'm in ... the current UK government says it wants to cut the top tax rate but will wait letting the rich pay less in a hard economic times is typical politics ... in London breakout ... box ...